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Technology Stocks : General Magic
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To: Ray Rueb who wrote (2614)7/2/1998 11:33:00 AM
From: Sea Otter  Read Replies (1) of 10081
 
Taxes.

So: let me get this straight. Say one owes 100k
in taxes from gmgc sales. And last year you
paid 50k in taxes total. Therefore, as long as
you paid-in 50k of taxes by Jan 15th, the
extraordinary 100k tax doesn't have to be paid
until April 15th? Did I get that right? Is there
any limit to this amount?

I, fortunately or unfortunately, sold and traded
some significant gmgc last week. So a visit to
the tax specialist is on my list of things to do.

Well, I'm off for the holiday. Have a great
4th everyone - see you all next week!

Sea Otter
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